Dec Wheat - Steady
Dec Corn - Steady to 1 Lower
Jan Beans - 1 to 2 Lower
December Crude Oil traded range bound, between support and resistance today.
support - 80.00
79.25
resistance - 82.30
83.70.
January Soybeans rallied today, staying well above support. Be careful shorting this market. Last night's opening volume was as great as the average opening volume for the day/pit session, indicating a lot of conviction behind this up move.
support - 1357.00
1350.00
1338.00
targets - 1384.00
1400.00
1409.00
December Corn also traded rangebound today.
support - 476.50
473.00
resistance - 481.50
484.50
487.00
December SRW Wheat marked it's low 1.5 cents above support, and the high was 0.75 cents above first resistance.
support - 574.50
571.00-570.00
resistance/ - 583.50
targets 587.00
596.00
December KC Wheat traded down into the support range today. The low print was 636.25. The high for the day was 1.25 cents above the first resistance level.
support - 644.00
641.50
636.00
resistance/ - 652.00-653.50
targets 660.00
670.00
December Spring Wheat marked it's low 1 tick below first support today, and the high mark for the day was 1 cent below the stated second target. Before the high of the day, wheat rotated around the 1st upside target of 726.
support - 724.00
721.50
716.00
resistance - 731.50
735.50
targets - 738.00
747.00
December S&P traded in a very small range today, well between the support and resistance levels. This means today's numbers will be tight, so take the first levels with a grain of salt. A breakout one or both ways is likely tomorrow.
support - 4364
4350
4324
resistance - 4392
4428
4454
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